July 12, 2024

Oil sands full cycle cost by category showing the average compared to in situ and mining operations.

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  • Over the past decade exit pipeline capacity from Alberta has become tight. There has been limited number Greenfield expansion projects in the Alberta.
  • Overall, full-cycle cost for Oil Sands has averaged US$42.70/Bbl.
  • Driven by both higher CAPEX and OPEX costs, new mining projects are more expensive averaging US$51.50/Bbl.
  • New in situ projects are averaging US$33.90/Bbl.

* 15% Rate of return has been incorporated into the overall capital cost

See Also:
Western Canada Resource Cost Curve
Oil Sands Half Cycle Costs (In Situ vs Mining)